Meredith Williams is resigning as executive director of the $38.3 billion Colorado Public Employees' Retirement Association, Denver, effective June 30, according to a news release provided by spokeswoman Katie Kaufmanis.
Mr. Williams is leaving PERA after 12 years to become executive director of the National Council on Teacher Retirement, replacing Jim Mosman, who is retiring after 10 years at NCTR.
The PERA board will meet soon to determine how his replacement will be selected, Ms. Kaufmanis said in an e-mail.
“The opportunity to move to a national organization with a high-profile presence in public retirement issues at this important time was difficult to resist, and the timing was right,” Mr. Williams said in the release.
Mr. Williams oversaw significant legislative changes at Colorado PERA, including a “first-in-the-nation” effort to address long-term sustainability for public systems to help put the retirement system back on track to becoming fully funded, according to the release.
Mr. Williams was a finalist for the position of executive director at the $109 billion Texas Teacher Retirement System, Austin, losing out to Brian Guthrie in February 2011.
The National Council on Teacher Retirement is an independent association dedicated to safeguarding the integrity of U.S. public school teachers' retirement systems.